The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-08-05

spot quoted at 6 90 a 6 923c; September. a 02c;
October :. 05 To- November. g. SO a 7c Decem Der,
g. 96 CSC; January. % q q o6c city steam 6oc
Butter firm ard in fair reg uest Western IL z4c;
Western creamery lS024c. Cheese strong, better
demand; western TASTE.
CHICAGO. Aug 4-To-day again. the corn
pit on Change monopolized nearly all the Board
of Trade talent that bankers for numerous and
rapid quick turns" Though September had
closed at 4lc the moment the opening bell taPpea
there were offers 10 sell at 40!c and nothing was
done at a higher figure than 39sc. FROM thls
II quickly dropped TO 39tc then recovered 10
39sc. and for time fuctuated between &c ana
sc. Everybody seller on the showing
made by the weather map. There was httis
rain everywhere throughout the corn peit. ous
some operators took the ground that everything
thoroughly dry that half an inch OF rain
would make impression; that corn was
ruined any way, and that any quantity
of rain would simply break the market with
out helping the actual conditions any. In
side OF quarter of an hour. September got up
to 394c. Later there were reports that no more
rain was probable, and the early bears, oevei-
oped into the strongest kind of bulls" During
the last half hour they got the corn market up
at lively rate. Nearly every body wanted to
quickly from 40tc to 405c The closing prices. COM
pared with yesterday, were a &c lower for Sep
TENDER, but rather firm and &c higher Tor
May. More than ordinary interest attached to
early prices for wheat to-day, for there was
some anxiety manifested to know whether the
collapse of the California wheat corner would
views taken of the San Francisco
deal The "bear" party held that prices
would be lower and the bulls" said they
discsrned comfort in the outcome. A panic had
been averted, no failures had been reported, tha
banks had not been involved. and normal and
healthy state of affairs had succeeded the recent
strain. Prices on the curb, however, did NOT
throw needed light the situation, and the
crowd remained on the keen edge of expectancy
until the $50 gong made music. 1t was bear
music, however. The first sale was at 69sc, af-
ter which the dial went down the toboggan slide
until halted at 69ac. nearly cent below last
nights closing, all of which demonstrated that
the California collapse had helped the bears
just little There were more traders
in the wheat pit than on yesterday.
but corn was the great attraction and
wheat did very little fuctuating. September at
one time got down to 69c. but reacted &c before
the close. The severe break in corn early car
ried the specializing market for oats down.
There decline of a Sc for September and
October deliveries, and break of 1sc for May.
After this came a strong market and a steady
reaction, near futures closing about / &c high
er. and May sold up Sc from the inside, or fully
mp to yesterdays closing. Provisions were dull
and without new features. The price changes
were confined to a small range. and at the close
the only one of any Importance was an advance
of .073c September, and .05c decline in Jan
uary short ribs. the leading futures ranged as
follows: